Pay Pool Management
Course Description
In this workshop, pay pool panel members will have the opportunity to simulate the phases of the pay pool process and participate in the various roles associated with pay pool operations. Emphasis is placed on the development of shared understanding to facilitate the equitable reconciliation of ratings. Participants will also develop or comment on generic or organizational business rules and put them into practice during the simulation. The implications of balancing the salary vs. bonus split is introduced as a concept and explored in more depth in the Advanced Pay Pool Management Workshop. Laptops are not required for this workshop.
Audience: Pay Pool Members, Pay Pool Managers, Performance Review Authorities
Length: 16 Hours
Learning Objectives
- List and describe the sequence and steps of the pay pool process
- Discuss pay pool panel roles and responsibilities, including ethical behavior
- Reconcile ratings based on performance
- Describe the financial implications of share selections and paying bonuses versus salary increases
- Recognize levels of performance and the linkage between pay and performance
For further information, please email us at training@atsc.com or call (571) 766-2984.